CSX

CSX Corp. reported first-quarter 2021 net earnings of $706 million, down from $770 million in the same period last year.

The transaction is part of the Commonwealth’s previously announced multi-billion dollar rail transportation initiative to improve service and infrastructure in the state.

CSX Corp. revenue for the fourth quarter decreased 2 percent from the prior year to $2.83 billion. Officials noted its intermodal growth was more than offset by lower fuel surcharge revenue and coal declines.